J. Stern & Co. has agreed to combine its Swiss operations with Geneva-based asset manager bvo capital.
After completion, J. Stern & Co. will manage more than $2.8bn in assets. That total includes more than $2.3bn in its flagship World Stars Global Equity strategy.
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The value of the deal has not been disclosed. The transaction remains subject to approval from Swiss regulator FINMA.
“The agreement brings together two firms with highly aligned investment cultures, complementary client bases, and a shared commitment to long-term investing, based on proprietary research in high quality global businesses,” J. Stern & Co said in a statement.
Christopher Rossbach and Katerina Kosmopoulou will remain in charge of the World Stars Global Equity strategy.
Cedric Coignard, chief executive of bvo capital, will join J. Stern & Co. as a partner of the group and as a member of its investment committee.
J. Stern & Co. said its investment approach and repeatable investment process will remain unchanged.
J. Stern & Co. (Switzerland) AG will retain its Zurich office and bolster its Geneva presence through bvo capital’s former office.
Coignard and bvo capital partner Laurent Pallanca will be based in Geneva.
J. Stern & Co. managing partner and CEO Jérôme Stern said: “We are delighted to partner with Cedric and Laurent. Together, we share a deeply rooted belief in long-term, research-driven investing, focused on high-quality businesses.
“Our firm is on a strong growth trajectory thanks to deep support from institutional, wealth management and private clients. This combination increases the scale of our investment platform and expands our presence in Switzerland. Together, our sole objective will remain to deliver superior long-term investment outcomes for our clients.”
Cedric Coignard, the CEO of bvo capital, said: “The combination of both of our firms will strengthen our resource base across investment research and client servicing. Laurent and I look forward to contributing to the firm’s continued success.”
